Influence of forecast error and forecast bias on safety stock on a MRP system with rolling horizon forecast updates

DOI10.1007/978-3-031-08623-6_62MaRDI QIDQ6606716zbMATH OpenFDO

Authors Wolfgang Seiringer, Fabian Brockmann, Klaus Altendorfer, Thomas Felberbauer

Publication date 17 September 2024

Full work available at URL https://doi.org/10.1007/978-3-031-08623-6_62

zbMATH Keywords

forecast errorsforecast evolutionproduction order accuracyproduction planningsimulations

Mathematics Subject Classification ID

Transportation, logistics and supply chain management (90B06) Production models (90B30)

Recommendations

• MRP performance effects due to forecast bias and demand uncertainty
• Safety Stock versus Safety Time in MRP Controlled Production Systems
• Schedule instability, service level and cost in a material requirements planning system
• Analysis of a forecasting-production-inventory system with stationary demand
• Protective stocks in multi-stage production systems

Cites work

• Information Sharing and Order Variability Control Under a Generalized Demand Model

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